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Apr 18, 2013
04/13
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bank of america became some of the highlighting in a low-rate environment. sf servicing more loans and making less money from them. a report card for the good and the bad of the fed's low rates! the housing market, especially mortgage borrowers, have been the biggest beneficiary that began in 2008. close to 20 million mortgages have been refinanced since then. mortgage applications were up about 5% last week and the mortgage banker's association says the purchase index is at its highest level in two years. >> homes are just incredibly affordable because of these very low rate that is have been there to push down interest rates. >> low interest rates are getting consumers into auto-showrooms. new car sales could top $15 million this year and negotia negotiating monthly payments that take away much of the new car sticker shock. both consumers and businesses are paying off or refinancing debt. consumer refinancing is at its lowest level in a decade. approximately $70,000 per household. >> we've seen corporations clean up their balance sheets even more so. they'
bank of america became some of the highlighting in a low-rate environment. sf servicing more loans and making less money from them. a report card for the good and the bad of the fed's low rates! the housing market, especially mortgage borrowers, have been the biggest beneficiary that began in 2008. close to 20 million mortgages have been refinanced since then. mortgage applications were up about 5% last week and the mortgage banker's association says the purchase index is at its highest level...
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Apr 20, 2013
04/13
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. >> that problem he said is damage to the environment, both long term and immediate. nowhere is it more pressing than china. in city after city, the delegation saw firsthand the air pollution program that evokes images of los angeles in the 1960s and '70s. here wearing a mask outdoors is a fashion statement. global wind patterns is not just a threat to the chinese. >> we feel the impact of it eventually. i think there are opportunities for both sides to collaborate. >> in meetings with chinese officials, the governor found out what works. from tail pipe exhaust laws to air quality districts. >> they know our programs well. they have been studying. >> that may help explain the agreements on the visit that brown signed with chinese officials. four agreements in all. >> china has the largest economic body and largest energy consumers and largest audio consumers and emitters. so we have a lot of opportunities in the future. >> china's challenges are not a lack of political energy as they are the source of the physical energy. coal. railroad cars full of coal like these in
. >> that problem he said is damage to the environment, both long term and immediate. nowhere is it more pressing than china. in city after city, the delegation saw firsthand the air pollution program that evokes images of los angeles in the 1960s and '70s. here wearing a mask outdoors is a fashion statement. global wind patterns is not just a threat to the chinese. >> we feel the impact of it eventually. i think there are opportunities for both sides to collaborate. >> in...
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Apr 19, 2013
04/13
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there will always be a need for us as a neutral agent in a very contentious environment. >> brown: let me ask you finally about you personally. because world bank presidents to this point have traditionally been political backgrounds from economic backgrounds, financial backgrounds. you're a doctor, you've spent your life in public health. what do you bring to this that is different? >> for almost all of my adult life i've been working in the area of development. i've worked in haiti, the slums of lima, peru, i've worked in the former soviet union countries. i've worked in siberia. so i have been doing development my entire life and the world bank is a development bank. our focus is on trying to help lift people out of poverty and to boost prosperity that's shared and that's essentially what i've been doing all my life as an anthropologist and physician so i have been trying fht poverty my whole life and what i found that inside the world bank we are just ffth peol nk want to d povty. th whyheca t wrkt the world bank and because we share such fundamental values, we hope that we can be
there will always be a need for us as a neutral agent in a very contentious environment. >> brown: let me ask you finally about you personally. because world bank presidents to this point have traditionally been political backgrounds from economic backgrounds, financial backgrounds. you're a doctor, you've spent your life in public health. what do you bring to this that is different? >> for almost all of my adult life i've been working in the area of development. i've worked in...
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Apr 24, 2013
04/13
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. >> hockenberry: this new political environment has been an opportunity for lawmakers like republican james sensenbrenner of wisconsin to claim they are the new mainstream view on global warming. do you believe global warming is caused by the activity of human beings? >> partially, but not completely. >> hockenberry: percentage? >> can't predict that. >> hockenberry: 30%, 50%? >> well, i know it's not zero and i know it's not a hundred. i can't tell you what number it is in between. >> hockenberry: if 97% of scientists say it is mostly or significantly caused by human activity, what do you say to that? >> they are entitled to their opinion. but they are going to have to... >> hockenberry: do you think this will ever be settled scientifically if 97% consensus doesn't settle it for you? >> well, i... you know, i think that it's up to the scientists and their supporters to convince the public that this is the right thing to do. and the supporters of that side of the argument in the congress have been a huge flop. >> hockenberry: i visited one of the key democrats on this issue, massachus
. >> hockenberry: this new political environment has been an opportunity for lawmakers like republican james sensenbrenner of wisconsin to claim they are the new mainstream view on global warming. do you believe global warming is caused by the activity of human beings? >> partially, but not completely. >> hockenberry: percentage? >> can't predict that. >> hockenberry: 30%, 50%? >> well, i know it's not zero and i know it's not a hundred. i can't tell you what...
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Apr 16, 2013
04/13
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for example he's been a little bit good on the environment where i think the latin left has been traditionally quite weak. >> i think he's incomparable. i don't think there's another leader like him or has pen in a long time. his charisma was off the charts. that's not necessarily a bad thing. the left has to learn how to administer. in terms of the 20th century of latin american history maybe juan perone or a few leaders here and there but i think chavez was really one of a kind. >> i'd rather we not have either a fidel or a chavez in the future. i think we're beyond that. what's interesting, for example, about someone like lula who was charismatic and successful and everything he has tended to fade away. he apparently is not running for his third term. a couple years from now. >> he's also ill. his successor is not doing a bad job. little by little what we're getting over in latin america and it's a good thing is this charismatic leaders some of whom are more successful and more attractive than others. one can like. one can dislike. those are personal questions. i think the most important th
for example he's been a little bit good on the environment where i think the latin left has been traditionally quite weak. >> i think he's incomparable. i don't think there's another leader like him or has pen in a long time. his charisma was off the charts. that's not necessarily a bad thing. the left has to learn how to administer. in terms of the 20th century of latin american history maybe juan perone or a few leaders here and there but i think chavez was really one of a kind....
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Apr 16, 2013
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. >> the political environment is a lot different than in 2007 the last time congress took up an effort to overhaul the nation's immigration laws. right now we have evangelical leaders who have signed on and said, look, there's a religious imperative to embrace the stranger and to reach out and help people who are in our community. on the republican side, you have what they call a coalition of bibles, badges and business. you have faith leaders. you also have law enforcement leaders, attorney general from the states. and other sheriffs. and business leaders who are saying, look, our system is broken. its time to fix the system. on the republican side they're getting pressure from some of these core constituents to come up with a solution. >> ifill: is it fair to say after seeing his kind of tour de force on the sunday talk shows yesterday that senator marco rubio, the florida republican, is the face of this? or are there other... is there other agitation going on especially over in the house? >> marco rubio is seen as essential to presenting this bill to conservative members of the repu
. >> the political environment is a lot different than in 2007 the last time congress took up an effort to overhaul the nation's immigration laws. right now we have evangelical leaders who have signed on and said, look, there's a religious imperative to embrace the stranger and to reach out and help people who are in our community. on the republican side, you have what they call a coalition of bibles, badges and business. you have faith leaders. you also have law enforcement leaders,...